Contact Person : Cherry Gao
Phone Number : +86 573 82602311
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February 5, 2018
US Secretary of Commerce Wilbur Ross announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of stainless steel flanges from the People’s Republic of China (China) and India, finding that exporters in China and India received countervailable subsidies of 174.73 percent, and from 5.00 to 239.61 percent, respectively. Secretary Ross said “With a 58 percent increase in trade cases initiated since President Trump took office, this Administration has made it a clear priority to defend domestic businesses from unfair trade practices. Today’s preliminary decision allows US producers to receive relief from the market-distorting effects of potential government subsidies while we continue our investigation.”
The Commerce Department will instruct US Customs and Border Protection to collect cash deposits from importers of stainless steel flanges from China and India based on these preliminary rates.
In 2016, imports of stainless steel flanges from China and India were valued at an estimated UDSD 16.3 million and USD 32.1 million, respectively.
The petitioners are the Coalition of American Flange Producers and its individual members: Core Pipe Products Inc. (Carol Stream, IL) and Maass Flange Corporation (Houston, TX).
Commerce is currently scheduled to announce its final CVD determinations on April 3, 2018, and May 29, 2018, for China and India, respectively.